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The Companies Act, 2013

Test your knowledge on the Companies Act, 2013, a significant legislation governing companies in India.

14 Questions Published
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Questions

Question 1 Multiple Choice (Single Answer)

Which section of the Companies Act, 2013 defines the term 'company'?

  1. Section 2(20)
  2. Section 2(21)
  3. Section 2(22)
  4. Section 2(23)
Question 2 Multiple Choice (Single Answer)

What is the minimum number of directors required for a private company?

  1. 1
  2. 2
  3. 3
  4. 4
Question 3 Multiple Choice (Single Answer)

Which section of the Companies Act, 2013 deals with the issue of shares?

  1. Section 42
  2. Section 43
  3. Section 44
  4. Section 45
Question 4 Multiple Choice (Single Answer)

What is the maximum number of layers of subsidiaries allowed under the Companies Act, 2013?

  1. 1
  2. 2
  3. 3
  4. 4
Question 5 Multiple Choice (Single Answer)

Which section of the Companies Act, 2013 governs the appointment of auditors?

  1. Section 139
  2. Section 140
  3. Section 141
  4. Section 142
Question 6 Multiple Choice (Single Answer)

What is the minimum paid-up share capital required for a public company?

  1. ₹1 lakh
  2. ₹5 lakh
  3. ₹10 lakh
  4. ₹15 lakh
Question 7 Multiple Choice (Single Answer)

Which section of the Companies Act, 2013 defines the concept of 'related party'?

  1. Section 2(76)
  2. Section 2(77)
  3. Section 2(78)
  4. Section 2(79)
Question 8 Multiple Choice (Single Answer)

What is the maximum tenure for which a director can be appointed?

  1. 3 years
  2. 5 years
  3. 7 years
  4. 10 years
Question 9 Multiple Choice (Single Answer)

Which section of the Companies Act, 2013 deals with the concept of 'corporate social responsibility' (CSR)?

  1. Section 135
  2. Section 136
  3. Section 137
  4. Section 138
Question 10 Multiple Choice (Single Answer)

What is the minimum number of members required to form a company?

  1. 1
  2. 2
  3. 3
  4. 4
Question 11 Multiple Choice (Single Answer)

Which section of the Companies Act, 2013 governs the issue of debentures?

  1. Section 76
  2. Section 77
  3. Section 78
  4. Section 79
Question 12 Multiple Choice (Single Answer)

What is the maximum number of directors allowed on the board of a public company?

  1. 10
  2. 12
  3. 15
  4. 20
Question 13 Multiple Choice (Single Answer)

Which section of the Companies Act, 2013 deals with the concept of 'independent directors'?

  1. Section 149
  2. Section 150
  3. Section 151
  4. Section 152
Question 14 Multiple Choice (Single Answer)

What is the minimum number of shareholders required for a public company?

  1. 7
  2. 10
  3. 15
  4. 20
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